With the growing popularity of Buy Now, Pay Later (BNPL) loans, millennials and Gen-Z are finding themselves overspending on non-essentials and spiralling into debt. Damage control via a more responsible way of spending is absolutely crucial.
The world as we know it will no longer be the same in the aftermath of the COVID-19 crisis. Nationwide lockdowns across the globe have crippled the economy that has led to massive layoffs and pay cuts. What does it hold for our personal finance? Let’s take a look.